Carilend review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Carilend is a Caribbean loan marketplace that fits salaried residents of Barbados with a good credit history. Personal and debt consolidation loans run BBD 2,500 to BBD 50,000 over 12 to 60 at a fixed rate, and the arranging fee in Barbados sits alongside a Reserve Fund contribution that varies by Risk Grade.

Key facts

Best for
Salaried Caribbean residents with a good credit history borrowing a fixed amount over a set term.
Loan amount
BBD 2,500 to BBD 50,000 (Source, checked September 26, 2026)
Term
12 to 60 months (Source, checked September 26, 2026)
Arrangement fee
B$550 arranging and managing fee in Barbados, plus a Reserve Fund contribution that varies as a percentage of the loan amount by Risk Grade (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
1 to 3 working days after accepting the loan (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Marketplace (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Ages 21-65, resident of the applying Caribbean country for at least 3 years, net salary of at least B$1,800 a month paid into a local bank account, good credit history (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation (Source, checked September 26, 2026)
Credit needed
Good (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Carilend Ltd (Source, checked September 26, 2026)
Headquarters
Barbados (Source, checked September 26, 2026)
Founded
2016 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
carilend.com

Pros and cons

Pros

  • Fixed rate loans on fixed rate, so repayments do not shift with the market
  • Personal and debt consolidation loans from BBD 2,500 to BBD 50,000 over 12 to 60
  • Free early repayment, so an overpayment costs nothing
  • Funding arrives 1 to 3 working days after accepting the loan

Cons

  • A hard credit check and a good credit history are needed, so thin files rarely qualify
  • The Barbados arranging and managing fee sits on top of a Reserve Fund contribution that moves with your Risk Grade
  • A marketplace model, so offers come from partner lenders rather than one named lender

Ready to try Carilend?

Scored 8.8 / 10 by BorrowCue.

See alternatives

Who it suits

  • Salaried residents of Barbados paying a monthly net salary into a local bank account
  • Borrowers consolidating several balances into one fixed rate repayment
  • People with a good credit history who want to repay early without charge

Who should look elsewhere

  • Anyone building a credit file from scratch, since a good credit history is required
  • Borrowers outside Barbados, where the arranging and managing fee does not apply
  • Self employed applicants, since eligibility rests on a net salary paid into a local bank account

The company behind it

Carilend operates as Carilend Ltd from Barbados and was founded in 2016. It runs as a marketplace rather than a single lender, so credit offers come through partner providers. Queries run through email, phone and help centre, which gives a phone line and an email route alongside a self-service help centre.

How Carilend compares

Where Carilend is available

Available
Barbados, Jamaica, Trinidad and Tobago

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does Carilend lend and for how long?+

Carilend offers personal and debt consolidation loans of BBD 2,500 to BBD 50,000 repaid over 12 to 60. Pricing is fixed rate, so the monthly repayment is set at the start. It also lists home improvement as a use for the money.

What are the fees on a Carilend loan?+

In Barbados there is a fixed arranging and managing fee charged for setting up and handling the loan. On top of that sits a Reserve Fund contribution, taken as a percentage of the amount borrowed, and the rate moves with your Risk Grade. Ask for both figures before you sign, because the second is not a flat charge.

How long does Carilend take to pay out a loan?+

Funding lands 1 to 3 working days after accepting the loan. That clock starts once you accept the offer, not when you first apply, so an approval and a completed agreement are what speed matters up. Plan the money around that window rather than the day you apply.

What credit history do I need to borrow from Carilend?+

Eligibility points to a good credit history, and the application runs a hard credit check. A good credit score is also listed as the standard applicants need. Applicants with a thin or damaged file are unlikely to see an offer.

Who can apply for a Carilend loan?+

You need a minimum age, a net salary paid into a local bank account, and residence in the applying Caribbean country for a qualifying period. Good credit history is the fourth condition, and all four are checked together, so a thin file is turned away. Loans run BBD 2,500 to BBD 50,000 over 12 to 60.

Can I pay a Carilend loan off early?+

Yes. Free early repayment applies, so settling the balance sooner does not attract an extra charge from Carilend. The Reserve Fund contribution is still tied to the loan amount, so a partial payoff and a full close are worth asking about separately.

Does Carilend lend in the whole Caribbean?+

The marketplace operates across the Caribbean, but the published arranging and managing fee is the Barbados one. Other markets price differently, and the Reserve Fund contribution follows the amount borrowed and your Risk Grade. Check the fee for the market you are applying in.

How do I reach Carilend?+

Support runs on email, phone and help centre. That means a phone line, an email address and a help centre for self-service questions. No branch network is listed, so questions about a live application go through those three routes.

Sources

  • carilend.com/index.php checked September 26, 2026

    Backs: Loan amount, Credit check, Founded, Free early repayment, Funding time, Headquarters, Legal entity, Lender type, Pricing model, Rate type, Support channels, Term

    “Our loans start at B$2,500. New Borrowers can apply for up to B$30,000, and existing Borrowers can apply for up to B$50,000”

  • carilend.com/index.php checked September 26, 2026

    Backs: Credit needed, Eligibility, Loan types, Arrangement fee, Use cases

    “You have a good credit history... Can I get a loan if I have a bad credit record? On this site, no, you probably cannot.”

Compiled from 2 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Representative example.

Carilend

Salaried Caribbean residents with a good credit history borrowing a fixed amount over a set term.

8.8/10See alternatives

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